Google is not launching a YouTube film streaming service, contrary to reports swirling around the tech world.
There was a report in the New York Post that said Google is considering launching a subscription-based film service on YouTube. It was also reported that Google has earmarked $100 million (£62 million)for the project.
The film streaming service, if launched, would have been similar to streaming options such as LoveFilm in the UK.
However, paidContentUK was told by a YouTube UK spokesperson that this is not true. The spokesperson said, "Today, YouTube is focused on building out and improving its current US-based rental offering. While we aim to always push all of our products out globally to our community, we have no plans to launch a European rentals service in the near future."
Such a service would have competed with other video-on-demand services, but sadly we're not going to be seeing this any time soon.
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